Ethereum (ETH) Freefall, Will $3,550 Survive? (5/11/25)

Jakarta, Pintu News – Ethereum (ETH) suffered a sharp drop after failing to maintain its positive position, similar to what happened to Bitcoin (BTC). Now, the digital currency is under pressure, with the critical support point of $3,550 in focus.

Introduction: Current Ethereum Market Conditions

Ethereum (ETH) recently began a significant decline from the positive zone, with the price dropping below $3,880. The decline continued, crossing the $3,800 and $3,750 boundaries, which marked the entry into the bearish zone. The decline accelerated when the price broke below $3,650, and eventually, support emerged near $3,550. Currently, Ethereum (ETH) is trying to consolidate its losses after bottoming out at $3,557.

Also Read: 5 Reasons Why Analysts Think November Could Be the Most Bullish Month for XRP (XRP)

Technical Analysis: Recovery Potential and Hurdles

Under current conditions, Ethereum (ETH) is trading below $3,800 and the 100-hour simple moving average. In case of a recovery wave, Ethereum (ETH) might face hurdles near $3,650, where a contraction triangle is formed on the hourly chart of ETH/USD.

The next hurdle is near $3,740, which is the 50% Fibonacci retracement level of the last drop from $3,920 to $3,557. The first major hurdle is at $3,800, and if the price manages to break through, this could push Ethereum (ETH) towards $3,880 or even higher.

Possibility of Further Decline

If Ethereum (ETH) fails to break through the $3,800 hurdle, there is a chance that the currency will see a further decline. Initial support lies near $3,580, with the next major support in the $3,550 zone. If the price manages to break below this support, Ethereum (ETH) could be pushed towards $3,500, and if the decline continues, the next target would be around $3,420. The next key supports are at $3,350 and $3,320.

The Future of Ethereum

With the current conditions, investors and market watchers should pay attention to technical indicators that show bearish momentum, such as MACD which is in the bearish zone and RSI below 50. These two indicators suggest that there may still be selling pressure to come. Therefore, it is very important to monitor the already mentioned support and resistance levels to anticipate the next price movement of Ethereum (ETH).

Also Read: Can You Live Only on Crypto? Here are 3 Sources of Income & Challenges You Need to Know About

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Faces New Wave of Selling. Accessed on November 5, 2025